Loading...
Answers
MenuAmong platforms for startup funding, AngelList is the 800 pound gorilla. Does it make sense to use simultaneously other platforms like Gust, etc?
This question has no further details.
Answers
Short answer: Of course!
Many angel groups require you to submit through Gust because it offers a consistency and makes reviewing applications easier. But not all use Gust same as not all use AngelList... I haven't met an angel who frowns upon using multiple platforms.
I would encourage you to leverage your twitter and Facebook or Instagram to meet angels and get in their radar (don't hassle or stalk) just try to get exposed a bit to them by being part of the same meetup group, follow the same blog, membership... Subscribe to their own blog.. And when you submit funding request considerations do please send a follow up email or a call or basket of fruits if you have contact them before.
You can use multiple services as has been answered already, but I would suggest that using multiple services can create a "negative signal" by investors. Also, the likelihood that you will get *any* inbound interest from AngelList without already having "high signal" investors or an active syndicate is very low.
So I would suggest that you focus on whatever is going to give you the highest level of support and service. I recently spoke to the WeFund guys who are still actively curating what gets listed to their investors. I think if you don't have a network of investors, these smaller networks are a good starting point.
I've helped a lot of entrepreneurs here on Clarity with their early-stage fundraising questions (read my reviews). I'd be happy to talk to you to learn more about the specifics of your situation and give you advice based on my understanding of where you're at.
AngelList is only one among many, online and offline platforms. It makes sense to pitch your deal where there is a ready market for your proposition. Neither AngelList nor Gust has the market reach of Indiegogo or Kickstarter due to the delay of the JOBS Act Title III which give SMEs access to non-accredited investors. Unlike CircleUp or FundersClub, AngelList or Gust does not curate its deal flows.
I could tell you more. Take advantage of the interim free call.
Stick to one and hopefully to the one that is the leader, you can actually verify which one it is ( http://www.similarweb.com/website/angel.co?competitors=gust.com ). Fundraising consumes time, you could be at it 1 month 6 months or even a year so I recommend sticking to one single platform. It tends to be chaotic once you are 2 months in the process and you need to update multiple platforms, eventually one is going to lag behind because you will be so inmmerse in other activities. Also from a SEO perspective your top listing will benefit more when content is not replicated in other platforms, that way you dont dillute yourself and the power of achieving rankings for "long tail"
As of today more investors "gravitate" today in Angel List than in other platforms.
It's important to know the players in the space and what they're good at.
AngelList - very tough to raise funding and connect with people. There is a lot of saturation and barriers to connect (you need to have them following you or get intros from existing connections).
LinkedIn - work on your profile, post regulatory and garner support for your posts to position yourself as a thought leader whilst giving interesting status updates on your business. You can search LinkedIn through the "advanced" search tool to find angels in your city. Connect with a few, ask for advice and to meet for coffee. If they like you, they will help and usually know other angels. Strike for Angels who know the market problem.
SeedInvest - all the investments need to pass the screening committee and the partners. Thereafter there is some heavy due dill whence from the team and CrowdCheck. Only a handful of vetted deals are available and they co-promote to their investor pool. If it's a really good deal they may back the deal with $200k of SeedInvest's own capital once you pass $250k in fundraising. NOTE: they're a registered broker-dealer. They take 6.5% of capital raised but all the investors are accredited.
There is also OurCrowd, Crowdfunder, SeedEquity... It also depends where you are in the world as in the UK, there are some amazing tax-breaks for Angels and VCs.
Hit me up if you want to chat a bit more about it.
Related Questions
-
How to raise money for a hardware startup that needs money upfront to even produce a prototype?
Have you considered crowdfunding? Investment grants will be able to take care of funding but crowdfunding has the benefit of taking care of funding and providing a customer base.There are many examples of teams without a fully working prototype being successful on these platforms. Kickstarter will be off the table but you have some great options with Indiegogo (https://www.indiegogo.com/) and the Brazil specific network Catarse (http://catarse.me/en) Of course, you will have to focus on things like presenting your story and getting attention for a bit but if you are successful you will have money for a prototype, access to a customer base and exposure that could bring some helpful people onto your team - even the angels and VCs you'll need to get to the next level. Message me if you need some help - I'm not personally an expert in crowdfunding but I can connect you with some of the best in the business.JR
-
Launching a startup with no job and no savings. Should I get a job or find investors?
Wow, lots of questions here. Let me try to hit them in order: "Should I get a job or find investors?" IF you have access to enough investor capital (not debt and not your savings) and you can get to MVP and still maintain ownership of a sizable majority of the business then do it. IF that means debt financing then only use the debt lines the cost of which can be carried by returns generated by the use of funds. I would prefer to offer a convertible note to prospective investors that can be easily extended throughout both friends and family and seed rounds (up to $2M to $3M) to get to proof in the market. If you can get to revenue and earnings fast enough then you can avoid equity dilution all together. IF you cannot secure that find of funding AND you cannot produce enough revenue from your business to deliver sufficient earnings for you to live on, then by all means, you should find a way to make the money you need and not burn all your savings or mortgage your home If that means short term contract work that's great. Particularly if you can find log term work that is relevant to the business you're building. If that means taking a job then do that. IF you do that, then yes, be transparent with your employer and let them know you're working on your own business also. Hope this helps....SL
-
What metrics are investors looking for in a fashion/clothing/apparel startup?
Team is more important than the startup itself. Investors prefer invest in the Jockey over the Horse. There may be n number of reasons for not getting through the funding rounds. If your startup is able to provide 10x return I can invest straight away. However, I will look at the team first and foremost and then I will look at the management skills and then I will come to other metrics like traction and scalability.DS
-
How to facilitate a perfect introduction to a potential investor on Linkedin.com through my connections?
Just because two people are connected to each other on LinkedIn, doesn't mean that these two people have a strong connection to one another. So first, ask your Mentor directly whether (s)he knows this person well enough to make an introduction. Also, I'd suggest that instead of asking that the introduction be made via LinkedIn, that the introduction be made directly via email. The way this best happens is to email your mentor with a two paragraph email explaining why it is that you want an introduction to this person and explaining why you think this person would want to meet with you. Then your mentor can forward this email directly to this person with a request for an introduction. If the person replies to your mentor, your mentor will then connect you two directly. If the investor is interested enough to accept an intro, then you'll likely get a 30 minute to 1 hour in-person meeting or call scheduled. In terms of what that investor will be looking for, I've written a lot of answers to questions around seed-stage financing that I encourage you to review. I'm happy to schedule a quick call to give you some specific feedback on where you're at and how investors might perceive your progress to date. Best of luck with this connection!TW
-
What's the best visual format to display the size of the market when doing a pitch deck.
I like to take a rule from the Steve jobs playbook and use simple circles... one larger than the other but no more than 2. your most immediate target (realistic reachable) and one of the "enemy" competitor company. or overall untapped market cap. **for this to be effective you must provide as accurate projections as possible** no bar graphs and as little or no text as possible... remember that a deck is a companion to the speaker... avoid bullet points and use the deck to entertain rather than educate... is not a class is a pitch. :)HV
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.